Bruce Lee corporation purchased a truck which cost $57540 and it has a 5 year useful...

Bruce Lee corporation purchased a truck which cost
$57540 and it has a 5 year useful life. The company
believes that the truck will have a salvage value of
$9000. The purchase was done on June 1, 2016. the
company uses double declining to depreciate its assets.
Part A
Required
1. Make a depreciation schedule based on straight
line method for the truck.
2. Journalize depreciation expense for 2016 and 2017
3. Give a balance sheet extract for long term asset
for 2018

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ekkarill92 answered 2 years ago

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